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Everyone talks about why you should have a TFSA… But what about the times when you shouldn’t? In this video, I walk you through 4 situations where opening a TFSA too early (or without a plan) can actually work against you. We’ll cover: • Why high-income earners may need other strategies first • Why understanding how a TFSA works matters more than people think • Why U.S. ties can completely change the TFSA equation • Why having no plan creates confusion in your money decisions Think of it this way: If money is a tool, direction matters. Without clarity, your money wanders. And opportunity...gets lost. If you haven’t watched the earlier TFSA videos in this series (basics, contributions, withdrawals, earnings, benefits), I’ve linked them below — they build on each other. 00:00 Introduction and Overview 00:31 Four Reasons to Avoid a TFSA 00:54 Reason 1: High Income and Other Tax-Advantaged Accounts 02:08 Reason 2: Lack of Understanding 03:37 Reason 3: US Ties 04:35 Reason 4: No Financial Plan 06:48 Investment Flow Guide and Conclusion 📥 Free Resource I also share my Investment Flow Guide — a practical, no-quiz breakdown of how people naturally invest, save, and make decisions with money (plus tools + platforms that actually fit you). 👉 Download it FREE here: https://keap.page/zfo987/copy-of-lead... 📺TFSA Basics: • 📅 Financial Awareness Day: 5 TFSA Basics Y... 📺TFSA Contributions: • TFSA Contributions Explained | Limits, Pen... 📺TFSA Earnings & Government Benefits: • TFSA Earnings Explained | Taxes, Benefits ... 📺When You Should Withdraw From TFSA: Smart Tips & Mistakes to Avoid: • When Should You Withdraw from Your TFSA? |... 📺5 Reasons Why You Need A TFSA (Even If You're Not a High-Income Earner): • 5 Reasons You NEED a TFSA (Even If You’re ... 💬 Question for you: Do you currently have a plan for your TFSA — or did you open it because “everyone said you should”? Drop it in the comments. I respond to every one.